If you own Crypto

sonics1993

Start taking profit because a dump is incoming. Open interest is reaching all-time high on a lot of alts .Crazy unhealthy market right now and the end is so near. I Cant imagine that it will last more than a week Until collapse. And dump, will be epic and fast with such leverage dominance. My algo's got a dump date of September 20-23 so just a heads up.

sonics1993

Here's an example by the way of the ridiculous open interest on one of the Alts and a lot of alts looks like this so if shit managed to dump 50-70% in May in 12 hr candle you can imagine what will happen with 2x open interest.

doogie

What’s the best way to make money on the crash?

sonics1993

doogie said:

What’s the best way to make money on the crash?

Shorting Alt's on Margin trade is the most profitable. A 30% dump on BTC leads to a 70-80% dump in Alt's. Shorting whether it's BTC or Alt's or being in cash is what you want to do in these types of situations.

Swaye

I understand nothing that is being said here. It would be so much easier to make money if I was smart.

RaceBannon

Swaye said:

I understand nothing that is being said here. It would be so much easier to make money if I was smart.

I'm too scared to dump a load of cash on Michigan.

I feel like someone knows something and its a set up

HuskyJW

Swaye said:

I understand nothing that is being said here. It would be so much easier to make money if I was smart.

This

Thread might as well be in Chinese

sonics1993

And just like that everything is down 10-20% across the board the morning. It was obvious it was coming so hope some of you took some profit along the way.

sonics1993

Swaye said:

I understand nothing that is being said here. It would be so much easier to make money if I was smart.

It took me a couple of years to learn all this and develop my own strategy. It takes time but anyone can do it.

greenblood

You can play that game and stress yourself out, or just buy more when it dips and know you’re in it for many more years. In the crypto world, this is another day of the week.

sonics1993

greenblood said:

You can play that game and stress yourself out, or just buy more when it dips and know you’re in it for many more years. In the crypto world, this is another day of the week.

To each his own. Me closing all my positions and sitting in cash saved 15% of my portfolio. I'm not putting any more money into crypto and already took out my initial investment so it's all risk-free trading. I trade and make more BTC and take profit along the way to my bank account every six months.